EPISODE · Oct 31, 2025 · 27 MIN
Land Broker Liz Strom: Illinois Farmland Values Stabilizing
from Where Landowners Get Their News · host American Farmland Owner with Dave Price
Illinois land broker and farm manager Liz Strom says farmland values have leveled off after several years of record highs. From 2021 to 2023, A-quality farms in central Illinois regularly sold for over $20,000 per acre, driven by strong commodity prices and investor demand. Prices have since eased to around $15,000–$17,000 per acre, but Strom notes the market remains steady and competitive. Demand for top-tier farmland continues across the Midwest, especially among farmers and long-term investors.
What this episode covers
Illinois land broker and farm manager Liz Strom says farmland values have leveled off after several years of record highs. From 2021 to 2023, A-quality farms in central Illinois regularly sold for over $20,000 per acre, driven by strong commodity prices and investor demand. Prices have since eased to around $15,000–$17,000 per acre, but Strom notes the market remains steady and competitive. Demand for top-tier farmland continues across the Midwest, especially among farmers and long-term investors.
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Land Broker Liz Strom: Illinois Farmland Values Stabilizing
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